Tether appears to have now been affected by regulatory adjustment in Europe. Particularly, with the EU’s new Markets in Crypto-Assets (MiCA) regulations scheduled to fully take effect in its member states by the end of the year, the crypto landscape is being reshaped.
Intended to increase oversight as well as eliminate illegal practices, MiCA requires stablecoins traded on centralized exchanges to be issued by firms with an e-money license. Several crypto exchanges operating in the EU have responded by delisting the world’s leading stablecoin, Tether’s USDT.
This development has fed fears about liquidity and investor appeal due to the USDT delisting.
Tether Delisted: Implications For EU Crypto Markets
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